Indian markets could see stock specific action on February 10th as key earnings reports and corporate announcements scheduled for today could lead to higher volatility in select stocks. Prestige Estates, Eicher Motors, and Grasim Industries are among the companies poised to reveal their quarterly earnings. Meanwhile, stocks like Bharat Electronics (BEL) and Glenmark Pharmaceuticals are already making headlines due to high-profile contracts and regulatory issues. Traders and short term Investors will be closely watching these developments for potential market movers.

Major Earnings Announcements Expected

High-profile companies in focus
Market watchers are eagerly awaiting the quarterly results of Eicher Motors, Grasim Industries, FSN E-Commerce Ventures (Nykaa), Apollo Hospitals Enterprise, National Aluminium Company (NALCO), Sun Pharma Advanced Research, and others. These results are expected to shed light on sector performance amid evolving macroeconomic conditions.

Spotlight on infrastructure and FMCG
Real estate, infrastructure, and consumer goods companies like Ashoka Buildcon, Engineers India, and Bata India are also set to release earnings, which may influence investor sentiment in these sectors.

Stocks to Watch

Bharat Electronics (BEL)

New defense contracts boost prospects BEL, a Navratna defense PSU, announced orders worth Rs 962 crore, including a Rs 610 crore contract to supply the Indian Navy with an Electro-Optic Fire Control System (EOFCS). This high-tech system enhances target detection and tracking capabilities, positioning BEL to benefit from India’s defense modernization efforts.

Glenmark Pharmaceuticals

Tax dispute with GST authorities Glenmark received a notice from the Central Goods and Services Tax (CGST) authority, demanding Rs 121.25 crore in taxes, penalties, and interest for alleged excess refunds. The pharmaceutical company is now under regulatory scrutiny, which may affect investor confidence in the near term.

Vedanta

Facing tax liabilities Mining giant Vedanta reported receiving two orders from the CGST & Central Excise department, with penalties amounting to Rs 141.36 crore. The regulatory pressure on Vedanta adds to its existing challenges in the commodities market.

Cipla

USFDA compliance update Cipla's Bengaluru facility was issued a Voluntary Action Indicated (VAI) status by the United States Food and Drug Administration (USFDA), signaling compliance improvements. This development may ease investor concerns regarding the company's regulatory risks.

Key Quarterly Earnings Highlights

Brainbees Solutions (FirstCry)

Significant reduction in losses The parent company of FirstCry cut its net losses by 69.2% year-on-year to Rs 14.7 crore, indicating improved operational efficiency.

Wockhardt

Return to profitability Pharmaceutical company Wockhardt posted a net profit of Rs 14 crore for Q3FY25, reversing an Rs 83 crore loss from the previous fiscal period. Revenue grew modestly to Rs 721 crore, a 3% increase.

VA Tech Wabag

Steady profit growth The water treatment specialist reported an 11.6% rise in consolidated net profit to Rs 70.2 crore, while revenue grew 15.1% to Rs 811 crore.

Zaggle Prepaid Ocean Services

Strong revenue growth Zaggle recorded a 69% year-on-year revenue surge to Rs 336.4 crore, with net profit climbing by 33% to Rs 20.2 crore.

VST Industries

Impressive net profit surge VST Industries posted a 153.65% increase in quarterly net profit to Rs 136.26 crore, supported by a modest rise in net sales to Rs 367.15 crore.

NHPC

Decline in profitability Hydropower giant NHPC reported a 47% drop in consolidated net profit to Rs 330.13 crore, primarily due to rising operational expenses.

Oil India

Challenging quarter State-run Oil India saw its net profit plunge by 44% to Rs 1,457 crore, as revenue declined 16.7% to Rs 9,089 crore.

Sectoral Developments

V2Retail

Expansion driving robust sales Delhi-based V2Retail is projecting revenues of Rs 1,800 crore for FY25, a 55% increase from the previous fiscal year. The company sees consistent foot traffic with a 35% conversion rate, signaling sustained demand for its brick-and-mortar stores.

Religare Enterprises

Boardroom upheaval In a surprising turn, 97.53% of shareholders rejected the reappointment of Rashmi Saluja as a director in Religare Enterprises. The decision followed intense scrutiny during the company’s Annual General Meeting.

Thomas Cook

Travel demand resilient despite rupee depreciation CEO Mahesh Iyer highlighted that demand for outbound travel remains robust despite currency fluctuations. The company reported 7% year-on-year growth in income from operations.

BHEL

Major project win Bharat Heavy Electricals (BHEL) secured a Rs 8,000 crore contract from Mahagenco for a 2x660 MW thermal power station package. The project includes supply, erection, and commissioning of equipment.

Market Outlook

Investor sentiment mixed
As several key earnings reports unfold, the markets remain cautiously optimistic. Stocks like BHEL, Thomas Cook, and Zaggle may experience heightened activity due to positive developments. However, regulatory challenges faced by Glenmark, Vedanta, and Religare Enterprises could weigh on market sentiment.

Key watchlist
Investors should keep an eye on stocks with strong growth potential, such as VA Tech Wabag and FirstCry, while monitoring regulatory risks affecting pharma and resource-based companies.